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VanEck IG Floating Rate ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| VanEck Vectors Investment Grade Floating Rate Bond ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the VanEck Vectors Investment Grade Floating Rate Bond Index. |
| Category | Corporate |
| Fund Sponsor | Van Eck Associates Corp |
| Website | www.vaneck.com |
| Inception date | Apr 25, 2011 |
| Assets (mns) | $1,754 |
| Currency | USD |
| Expense ratio | 14 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | Bank of New York Mellon/The |
| Weighting | Market Cap |
| Index replication | Optimized |
| No. of constituents | 120 |
| No of distinct issuers | 70 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 100% /0% |
| Non-standard maturity (callable, etc.) | 65% |
| 0.0% 6/12/24 | 2.0 % |
| 0.0% 2/23/23 | 1.5 % |
| 0.0% 1/24/23 | 1.5 % |
| 0.0% 9/01/23 | 1.2 % |
| 0.0% 1/31/23 | 1.2 % |
| 0.0% 2/11/22 | 1.2 % |
| 0.0% 7/22/22 | 1.1 % |
| 0.0% 5/18/24 | 1.1 % |
| 0.0% 1/24/23 | 1.1 % |
| 0.0% 11/29/23 | 1.1 % |
| TOTAL | 12.9 % |
|---|
| JPMORGAN CHASE & CO. | 9.3% |
| CITIGROUP INC. | 7.4% |
| BANK OF AMERICA CORPORATION | 6.4% |
| GOLDMAN SACHS GROUP, INC. | 4.8% |
| COMMONWEALTH BANK OF AUSTRALIA | 4.4% |
 |
UNITED STATES | 55.7 % |
 |
UNITED KINGDOM | 8.3 % |
 |
AUSTRALIA | 7.2 % |
 |
CANADA | 4.3 % |
 |
JAPAN | 4.2 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 6.2% | 7.5% | 3.6% | 2.8% | 2.3% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.04 | 2% |
| S&P500 | 0.03 | 5% |
| MSCI EAFE | 0.03 | 7% |
| MSCI Emg. Mkts. | 0.03 | 8% |
| Recent close | $25.48 |
| 30d moving avg. | $25.41 |
| Annualized volatility | 1.9% |
| Short interest (ETF) | 0.5% |
| Relative strength (RSI) | 78 |
| Avg. volume (thou.) | 1,035 |
| Avg. daily value traded (mns) | $26 |
| Turnover | 1.5% |
| Bid/Ask (% of price) | 0.04 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FLTR | 4.2 yrs | Category Avg.* |
4.6 yrs |
| FLTR | 4.2% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 4.59% | -11.2% | $22.62 |
| +200 bp | 3.59% | -7.8% | $23.50 |
| +150 bp | 3.09% | -5.9% | $23.97 |
| +100 bp | 2.59% | -4.0% | $24.46 |
| +75 bp | 2.34% | -3.0% | $24.71 |
| +50 bp | 2.09% | -2.0% | $24.96 |
| +25 bp | 1.84% | -1.0% | $25.22 |
| 0 bp | 1.59% | 0% | $25.48 |
| -25 bp | 1.34% | 1.0% | $25.75 |
| -50 bp | 1.09% | 2.1% | $26.02 |
| -75 bp | 0.84% | 3.2% | $26.29 |
| -100 bp | 0.59% | 4.3% | $26.57 |
| -150 bp | 0.09% | 6.5% | $27.14 |
| -200 bp | -0.41% | 8.8% | $27.73 |
| -300 bp | -1.41% | 13.7% | $28.97 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
159 | bp |
| Less: Annual "default factor" |
9 | bp |
| Less: Expense ratio | 14 | bp |
| Equals: ALTAR Score | 1.36 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.2% |
| Corporate | 4.0% |
| Emerging Market | 5.9% |
| Government | 7.1% |
| Inflation Protected | 2.7% |
| Mortgage | 5.0% |
| Municipals | 3.2% |
| *Note: The VanEck IG Floating Rate ETF is classified as a Corporate fund. | |